Russia will provide assistance to Uzbekistan in training AML/CFT experts

The necessary technical and advisory assistance for developing the Uzbek national anti-money laundering regime will be provided by the International Training and Methodology Centre for Financial Monitoring (ITMCFM), founded by Rosfinmonitoring, in the framework of the EAG's activities.

This was concluded in the course of an on site visit by the ITMCFM delegation to Uzbekistan in May 2009.

Attention was drawn to Uzbek AML/CFT specialists’ training.

Uzbekistan has so far undertaken prominent steps in order to enhance the national AML/CFT regime. On April 22, 2009 the basic AML/CFT law was amended in order to provide its compliance with international standards. The amendments were made to articles 14 and 24.
The amended legislation was created by Uzbek authorities in cooperation with international experts from the IMF, World Bank, and UN ODC. According to the information of the Uzbek Ministry of Finance, a significant contribution in the legislative process as well as a general enhancement of the national AML/CFT system was received from the FATF and EAG with the participation of Russia, the USA, Italy, Switzerland, Germany and France.

In the beginning of 2009, the head of Rosfinmonitoring, Yury Chikhanchin, visited Uzbekistan and held discussions with the representatives of the national government on Uzbek AML/CFT system reconstruction and development. 
Russia and Uzbekistan have been partners in the EAG since 2005.

According to a declaration of Zohid Dusanov, the head of the Department on Combating Fiscal and Foreign Currency Crimes and Money Laundering under the Uzbekistani General Prosecutor’s Office, the operation of the competent body in Uzbekistan ensures adequate implementation of the legislation and enhances the countermeasures aimed at fighting money laundering and terrorist financing.